511 4th St · Plainview, NE 68769

$109,000

3 bd · 2.0 ba · 1,525 sqft · SingleFamily public records · 5 Days on market

Built 1925 Est $98k · 12% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.4/30.0
• DSCR +6.8/10.0
• Appreciation +5.5/10.0
• 1% rule +5.4/10.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0

Listing remarks

Opportunity awaits at 511 N 4th St in Plainview! This 3-bedroom, 2-bath home offers plenty of space and potential for its next owner. Situated on a corner lot, the property provides added yard space and curb appeal. The upper level features three bedrooms and a full bathroom, while the main floor includes a second bathroom, laundry, office space, living room, and an additional step-down family room complete with a cozy wood-burning stove. A bonus room in the basement offers flexible space that could be used for a hobby room, workout area, playroom, or additional storage. The attached 1.5-car garage provides convenient parking and storage, and the large backyard offers plenty of room for out

Key facts

• Wood-burning stove
• Large backyard
• Bonus room

Tags

• CORNER LOT
• WOOD-BURNING STOVE
• BONUS ROOM
• LARGE BACKYARD

Property features AI

Exterior

• Parking: Attached garage with garage door opener; 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property (zoned SF)
• Construction: Frame construction with vinyl siding
• Exterior features: Wood fencing; Asphalt roof

Interior

• Kitchen: Electric range; Refrigerator
• Bathrooms: Main level bathroom
• Heating & cooling: Forced air heating
• Interior features: Fireplace in the living room; Partial basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).

Location & tenants

• Location reads 79/100 on livability (#37 in NE, #2,023 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Plainview Public Schools (rural): math 55% / reading 55% proficiency, ranked #112 of 245 in NE (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 6 active listings in the ZIP; 15 units permitted in Pierce County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($754 loan paydown + $1k appreciation (1.0% local appreciation)).
• At projected returns (1.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.35%
• DSCR: 1.28
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $97,600
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
203 1st St	0.56mi	3/2.0	1,376 (-10%)	12mo	$114,640	$83	48
110 Locust Ave	0.58mi	2/2.0 (-1)	1,404 (-8%)	11mo	$100,000	$71	46
209 King St	0.45mi	2/2.0 (-1)	1,660 (+9%)	21mo	$135,500	$82	42
216 King St	0.70mi	3/1.0	1,408 (-8%)	14mo	$55,000	$39	39
105 West St	0.74mi	3/3.0	1,688 (+11%)	6mo	$150,000	$89	38
204 Main St	0.62mi	4/2.0 (+1)	1,644 (+8%)	18mo	$105,000	$64	38
102 9th	0.54mi	3/2.0	1,312 (-14%)	17mo	$105,000	$80	37
107 Locust Ave	0.55mi	3/1.0	1,342 (-12%)	19mo	$52,875	$39	35
108 West	0.65mi	3/1.0	1,374 (-10%)	19mo	$44,000	$32	33
103 Elm St	0.71mi	3/1.0	1,322 (-13%)	18mo	$55,000	$42	26
207 Maple St	0.69mi	3/1.0	1,743 (+14%)	18mo	$58,000	$33	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.01% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.0%
• Equity multiple: 1.40×
• Total profit: $12,359
• Equity at exit: $37,252

10-year hold

• IRR: 12.0%
• Equity multiple: 2.46×
• Total profit: $44,529
• Equity at exit: $49,537

Cash invested: $30,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

ZIP-level market 68769

• Home prices YoY: 0.6%
• Active inventory: 6
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,130 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$114 /mo · $1,373/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $161

Break-even live

Break-even rent $926

Max offer price $109,000

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-09
   statusdays on market $109,000 Pending 5 DOM
2. 2026-06-08
   days on market $109,000 Active 4 DOM
3. 2026-06-07
   days on market $109,000 Active 3 DOM
4. 2026-06-05
   remarks 699-char remark
5. 2026-06-05
   listed $109,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NE · Resets to sale price

• Current annual tax: $1,373 · $114/mo
• Projected year-2 tax: $1,886 · $157/mo
• Expected delta: +$513/yr (+$43/mo · 37.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,561
• − Mortgage interest: −$6,106
• − Property taxes: −$1,373
• − Insurance: −$545
• − Repairs & maintenance: −$1,085
• − Management: −$1,085
• − Depreciation: −$3,171
• Taxable income: $197
• Est. tax owed @ 24.0%: −$47
• After-tax cash flow: $1,889/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Plainview Public Schools
• NCES district ID: 3175570
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 55% ▬ 0.00%
• Median HH income: $43,388
• Composite: 48.11/100
• National rank: #4748
• State rank: #112 of 245 in NE

Livability — Plainview

• Score: 79/100
• State rank: #37
• US rank: #2023

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plainview, NE
• Population (ZIP): 1,685

Population outlook (Pierce County) Hauer SSP2

• Today (2025): 7,246 people
• By 2030: 7,267 · +0.3%
• By 2040: 7,323 · +1.1%
• By 2050: 7,303 · +0.8%
• By 2075: 7,624 · +5.2%
• By 2100: 7,283 · +0.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 2% Portuguese 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Pierce

• 2024 margin: Solid R (+76.3) · D 11.4% · R 87.8%
• 2008→2024 swing: -26.7pp toward R · 2008: -49.7pp · 2024: -76.3pp
• All cycles: 2024: R+76.3 2020: R+74.3 2016: R+74.6 2012: R+60.6 2008: R+49.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.01%
• Current HPI: 159.9202
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

1 event — show timeline

• 2026-06-04 Listed $109,000 NNEMLS

Property tax history

+3.2%/yr

Latest (2025): $1,373 · +16.7% YoY. Source: county tax records.